ONEAL E STANLEY 4

What Happened
Oneal E. Stanley, a director of Hut 8 Corp., reported derivative conversions and an award related to restricted stock units (RSUs) on June 11, 2026. The filing lists 15,478 shares as an exercise/conversion of a derivative instrument and a separate acquisition of 4,863 shares at $0.00 (award). No cash amounts are reported for the conversions; the award line shows $0.00 per share.

Key Details

• Transaction date: June 11, 2026. Form 4 filed June 15, 2026 (timely; within the 2-business-day filing window).
• Reported items: 15,478 shares — exercise/conversion of a derivative (code M); 4,863 shares — grant/award acquisition (code A) at $0.00. Some lines show price as N/A.
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Relevant footnotes from the filing:
  • F1: These reflect RSUs that, upon vesting, convert into common stock one-for-one.
  • F3: RSUs may be settled in stock or cash (or combination) at the issuer’s discretion.
  • F4: The RSUs referenced vested on the date of the 2026 Annual General Meeting.
  • F2: Separately, on June 5, 2026 the reporting person contributed 189,936 shares to a grantor retained annuity trust (reported elsewhere in the filing).
• No indication in the provided extract that this was a market purchase or open-market sale by the director.

Context
The filing indicates RSU vesting and conversion rather than a market purchase or a voluntary sale; such vesting is typically a compensation event. The presence of both a conversion (M) and a simultaneous disposition line for the same quantity in filings can reflect net settlements or tax withholding practices, but this specific extract does not show cash proceeds or details of any share withholding. For retail investors, vested RSUs converted to shares are a routine compensation matter and not necessarily a signal of the director’s view on the stock.